Disputing car valuation with insurance ?

Rashid_2

I have a BMW 318tdse saloon 1996 P that was involed in an accident, my fault. Insurance company have said the car is beyond economical repair and have offered £2245 less excess of £200, the insurance valuer says that is his valuation and will not increase valuation.

I feel that his valution is on the low side, how do I go about getting a second opinion?

Any advice appriciated.

Thanks

Jazzycat

the best thing is to search for cars of similar age and mileage etc and if they show more than the offer then quote these back to the insurer to prove that they have undervalued the car

this link below take you to exchange and mart advanced search option where you can put in year and model.

http://www.exchangeandmart.co.uk/iad/car/used/advanced?

another quick reference is Glass's - for £2.95 they will give you a market valuation on your car.

http://www.glass.co.uk/uk/en/

its always best to have as much ammo as possible when going back toy our insurers


good luck!

Marsh_Samphire

My Mum's insurance company offered her peanuts for her car too, we spoke to the garage that services it for their opinion on it's value and also searched for the make/model/year on the internet. Found lots of ads for similar cars, printed them out and sent to the insurance company, they improved the offer. Can't say it will work every time, but it did for us.

rrockettman

My daughter and ex wife have written off a few cars in their time. Each time the insurance company makes an offer, that is just what it is. They will try to get away with the minimum you will accept so the first offer is deliberately low. As said, arm yourself with the info required to negotiate it's true worth. One car my daughter crashed before she even got it home. I'd just paid £1275 for it and with a little effort, Norwich Union paid out over £1500, and that was after the £250 excess was taken off!!! That is just how lucky my daughter is though!
If the damage is not too bad and you think you can get it repaired cheaply, ask for the salvage rights.
Good luck with it.

Jodi

You could always ask either AA or RAC to come out and do an independent valuation on your behalf, it will cost you but may be worth it in the end.

Remember the insurance company has to put you back into the position you were before the crash i.e., either fix the car (if it is fixable) or give you the worth of the car in cash.

I hope this helps...